Rethink Internet of Things

Published 4th May 2018

Utility space ramps up blockchain tests, skepticism prevails

There has been a spate of announcements in the utility sector, regarding tests and pilot projects centered around blockchain technologies. The utility market is one of the most promising areas for blockchain adoption, mostly due to the advent of distributed energy resources (DERs). Distributed ledger technologies (DLT) offer a way to build trust between multiple parties, which is very important for trading electricity between them. The other more promising areas for DLT products and services are in supply chains and logistics applications, where if they were used centrally, could cut out a lot of time delays from legacy paperwork and admin systems. Automotive applications, like Gluon’s, are another area that has attracted a great deal of interest, as they would…